Passive Investing Resumes Its March

After slowing last year, a stream of cash into funds that track markets is picking up again

A decadelong shift of money and power from old-fashioned money managers into index funds resumed its march in 2019.

Last year, net inflows into funds that track markets fell about 30% from the year before, according to Morningstar data. Some firms said fears around slowing global growth and a particularly volatile stock market led investors to take money from asset management’s most popular products.